VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 1-Year High – What’s Next?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $51.00 and last traded at $51.00, with a volume of 593 shares. The stock had previously closed at $50.50.

VictoryShares Free Cash Flow ETF Stock Performance

The firm has a market capitalization of $9.23 billion, a P/E ratio of 13.70 and a beta of 0.82. The stock has a fifty day moving average price of $47.06 and a two-hundred day moving average price of $42.91.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were issued a $0.0249 dividend. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th.

Institutional Trading of VictoryShares Free Cash Flow ETF

Several institutional investors have recently added to or reduced their stakes in VFLO. Bank of America Corp DE lifted its position in shares of VictoryShares Free Cash Flow ETF by 29.5% in the 2nd quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock worth $446,098,000 after buying an additional 2,874,353 shares during the last quarter. Morgan Stanley grew its position in shares of VictoryShares Free Cash Flow ETF by 22.1% during the 4th quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after buying an additional 2,158,181 shares during the last quarter. Parallel Advisors LLC grew its position in shares of VictoryShares Free Cash Flow ETF by 1,319.3% during the 1st quarter. Parallel Advisors LLC now owns 1,538,447 shares of the company’s stock valued at $60,738,000 after buying an additional 1,430,052 shares during the last quarter. LPL Financial LLC grew its position in shares of VictoryShares Free Cash Flow ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock valued at $483,588,000 after buying an additional 1,249,407 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in VictoryShares Free Cash Flow ETF during the second quarter worth about $35,234,000.

VictoryShares Free Cash Flow ETF Company Profile

The VictoryShares Free Cash Flow ETF (VFLO) is an exchange-traded fund that is based on the Victory US Large Cap Free Cash Flow index. The fund tracks an index composed of the largest U.S. companies based on profit that are perceived to have strong free cash flow yields and high growth metrics VFLO was launched on Jun 21, 2023 and is managed by VictoryShares.